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Financial Institutions Offering from Hanover Targets Asset Managers, Depositories

The Hanover Insurance Group has launched Hanover Financial Institutions Advantage, a new offering that provides small to mid-sized asset managers and depository institutions with coordinated property, casualty, management and professional liability coverages. The Hanover Financial Institutions Advantage comprehensive product suite …

Judge Trims Oklahoma Opioid Penalty on J&J to $465M to Reflect Math Error

An Oklahoma judge on Friday said Johnson & Johnson must pay that state $465 million for fueling the opioid epidemic through the deceptive marketing of painkillers, down from his original award of $572 million. The decision by Cleveland County District …

FCC Seen Backing Away from Reserving More Airwaves for Automakers’ Talking Cars

The U.S. Federal Communications Commission has proposed taking back some of the spectrum long promised to automakers and re-allocating it to other wireless uses, according to people familiar with the matter. It’s a potentially significant development in a years-long debate …

As Texas Windstorm Insurer Mulls Rates, Policyholders, Lawmakers Strongly Oppose Hikes

Texas’ property insurer of last resort for wind and hail in counties along the Gulf Coast is finding itself once again between a rock and a hard place — or perhaps more appropriately, between a hurricane and a tornado — …

Venice Suffers 2nd High Tide in a Week as Italy Declares State of Emergency

Venice suffered its second exceptionally high tide in a week, with waters rising 154 centimeters (61 inches) above their benchmark late morning Friday, the Ansa news agency reported. The historic city is still reeling from the 187-centimeter tide it recorded …

Michigan Recreational Pot Sales to Begin in December

The state of Michigan is opening the door to the sale of marijuana for recreational use starting in December, which is earlier than expected. The Marijuana Regulatory Agency issued an advisory bulletin on Nov. 13. It says businesses that are …

U.S. Attorney: Oklahoma Man Sentenced for Stealing Almost $370K from Employer

A Tulsa, Oklahoma, man was sentenced to 15 months in prison and ordered to repay nearly $370,000 after being found guilty of stealing from his employer. Ernest Everette Howard, 49, of Tulsa, must $368,329.61 in restitution, according to the U.S. …

Robotaxi Tech Proving Difficult to Perfect: Daimler CEO

Daimler has taken a “reality check” on self-driving “robotaxis,” acknowledging that making them safe is proving harder than first thought amid questions over their future earnings potential. Chief Executive Ola Kaellenius told journalists on Thursday Daimler would “rightsize” its spending …

Public Consultation Launched to Help Set Global Standards for Tailings Dams

A six-week public consultation launched [in London] on Friday will help set global standards to improve mining safety, aiming to prevent any repeat of the Vale tailings dam disaster in Brazil that killed 300 people in January. Tailings dams are …

Attorney: Oklahoma’s Tulsa County to Pay $10M to Settle Jail Death Suit

Officials have agreed to settle a lawsuit over the death of a 37-year-old man, who died in 2011 after lying naked in a Tulsa County, Oklahoma, jail cell for five days with a broken neck. Documents filed in federal court …

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